NIA Obtains NAICOM, CBN Approval To Digitalize Marine Insurance Certificate
The Nigerian Insurers Association, (NIA) has said it has gotten the approval of the National Insurance Commission ( NAICOM) and the Central Bank of Nigeria ( CBN) to digitalize marine insurance certificate.
The Chairman of the association, Tope Smart said the move is aimed at generating more income for the industry and the nation’s GDP.
According to him, the initiative will also help the industry to recover all lost income prior before the approval.
He added that the industry is also adopting the use of technology to drive insurance business, adding that technology play a vital role in the growth of any business and economy.
The NIA Chairman, who is also the Group Managing Director of Nem Insurance Plc, said that in 2019 the Association will be collaborating with other industry bodies to grow the market and improve the industry.
He said the the bodies will speak with one voice and ensure people oriented policies will be introduce to impact positively to the industry and the economy in general.
On 2019 expectation, the NIA boss said his optimistic that the year will be better and the industry will benefit, assuring that the government will renew the group life policy.
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